Contents of the CHEKFREE.DOC file

Welcome to the world of electronic banking!

CheckFree Technologies has now made it possible for any person to payany bill, using any bank, anywhere in the country. This sharewarepackage provides you with a comprehensive yet easy to use bookkeepingand home budgeting tool, and serves as the delivery vehicle for theCheckFree Electronic Banking Service.

CheckFree provides the ability to pay all bills and handle all routinefinancial tasks electronically, easily, and quickly -- regardless of themerchant or financial institution. CheckFree makes banking, budgeting,and managing funds easier by eliminating checks and providing accurate,automatic record keeping. The process is very simple and can be used byanyone who has a personal computer.

USING THE SERVICE-----------------

1.The consumer enters payment information into a personalcomputer using the CheckFree software. The softwareautomatically records, categorizes, and sends theinformation via modem to the CheckFree Processing Center.

3.Payments are sent anywhere in the U.S. using the FederalReserve system of transmittal -- the system used from coast-to-coast by U.S. banks.

4. CheckFree provides the consumer with a completely automatedchecking account register. Reconciliation with the bankstatement can be done in a few easy steps.

5.Regular monthly payments, such as mortgages or automobile loans, can be paid automatically with CheckFree. The consumer simply specifies the merchant, payment amount, and date for the bill; CheckFree will process the payment on time -- every month (or whatever the time interval is) until directed otherwise. The software records these transactions to automatically keep balance information up-to-date.

6.For documentation, CheckFree clients will have his or her bank statement, complete with descriptive statements or payment notices for each transaction, which serve the same purpose as cancelled checks or receipts.

BENEFITS--------

Reduced Paperwork:

CheckFree eliminates paper check writing. All CheckFree payments areautomatically recorded in the register and full receipt documentation of transactions appears with the customer's monthly bank statement.

Convenience:

Consumers can access the CheckFree system anytime they want to pay billsor review their account -- 24 hour a day, seven days a week. CheckFreecan be used with any checking account at any financial institution inthe U.S.

In addition, paying bills with CheckFree is faster and easier thanwriting and mailing checks or printing them with a financial softwarepackage. After initial payment information is set up, CheckFreeaverages less than 15 minutes to pay all monthly bills -- a process that can take hours by paper check.

CheckFree can process payments to and from any location in the U.S.

Saving Money:

Consumers save money in postage costs, the maximization of interest onaccounts by scheduling payment dates to coincide with due dates, and byavoiding late charges and penalties.

Security:

To ensure a high level of account security, each CheckFree customer hasa personal account number. All data entry is off-line, and financialrecords remain resident only in PC storage and memory. The system isdesigned so that these records never leave the PC, and thus can never beaccessed by anyone except the user. The software transmits only paymentinstructions to CheckFree, and does NOT include bank account numbers.

Furthermore, CheckFree processes payment requests through the FederalReserve Bank network and never requires actual access to the consumer'sbank account. Finally, entry to the program is protected by password.

Accuracy:

Electronic funds transfer on the CheckFree system reduces humanintervention and the chance for error in paper check handling. In addition, the software handles all the calculations automatically --eliminating addition and subtraction errors.

Increased Control:

Bill payment is made specifically on the day the consumer requests, so the customer benefits from the "float." In addition, the consumerhas a complete range of options to review, change, or canceltransactions.

Because CheckFree Corporation has always considered client service a vital part of its business, a full-time staff of client serviceprofessionals is ready to answer inquiries Monday-Friday,(8 a.m. - 5 p.m., Eastern Time).

WHAT PAYMENTS CAN CHECKFREE MAKE?---------------------------------

CheckFree can pay any bill that the consumer wishes to pay, regardlessof the merchant's location in the U.S. The only exceptions are taxliabilities and court payments.

COMPANY BACKGROUND

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CheckFree Technologies is a wholly-owned subsidiary of CheckFreeCorporation of Columbus, Ohio. Founded in 1981, CheckFree Corporationis the nation's leading provider of electronic payment services. CheckFree processes payments electronically for companies in every stateacross the nation. In fact, if you have ever used CompuServe, Source,GEnie, or Quantum computer information services, you have already seenhow efficiently CheckFree works: each of these companies uses CheckFreefor their monthly charges. In 1988 alone, CheckFree will move over$500,000,000 in consumer payments. Now, after three years ofdevelopment, CheckFree can provide this highly efficient technologydirectly to individuals through their personal computer.

ORDERING THE CHECKFREE SERVICE----------------------------------

To get started, you pay a registration fee of only $29.95 which includesa complete subscription kit with software version 1.13, user guide, signup materials and one month usage credit. However, if you registerbefore December 31, 1988, CheckFree will waive the registration fee andyou can get started for just a one month service fee in advance paymentof $9.00. To obtain a CheckFree subscription kit, call 1-800-882-5280and ask for Electronic Banking (8 a.m. - 5 p.m. Eastern Time; Monday -Friday).

Why is CheckFree practically giving away subscription kits that areabout to be launched in nationwide retail distribution at year end? CheckFree believes that making this offer to influential BBS users inkey geographic areas will help accomplish its primary task: getting thePC community to recognize that electronic banking is finally here, andthat it works the way people want it to work.

This offer is intended to make it as easy as possible for you to see andexperience the efficiency of CheckFree electronic banking. We believethis proven technology will provide you with a truly valuable servicethat will let you use your PC the way it was intended: as an easy-to-use, timesaving tool that will free you from unnecessary manual work.

If you would rather use your PC than create a lot of paperwork, try outthe CheckFree software and see exactly how easy it is to go electronic.

TERMS AND CONDITIONS--------------------

VERSION 1.13 of CheckFree is hereby placed in the public domain. The CheckFree Software provided to you, whether obtained from CheckFreeCorporation or the public domain, is owned by CheckFree Technologies,Inc. You agree not to tamper with or attempt to modify the software inany manner. CHECKFREE IS INTENDED FOR YOUR PRIVATE, NONCOMMERCIAL USEONLY. You may make copies of the CheckFree software files for your ownuse, and you may copy the files for others. You may not, however,charge for such copies, or in any other way sell the program orotherwise attempt to make money from it or any modified version of it.

The CheckFree software, services, programs, and related documentationare provided "as is" without warranty of any kind, either expressed orimplied, including, but not limited to the implied warranties ofmerchantability and fitness for a particular purpose.

Hardware required to run the CheckFree Software is an IBM-compatiblecomputer with two floppy drives or one floppy and one hard drive, atleast 256K available RAM, MS DOS 2.1 or later, monochrome monitor and aHayes-compatible modem. A printer or a color monitor is optional. Theprogram will take advantage of those computers equipped with more than256K RAM. Versions of the CheckFree Software will be available for theMacintosh (512K RAM) and the Apple II series (128K RAM) shortly.

CheckFree is a registered trademark of CheckFree Technologies. CheckFree Technologies is a wholly owned subsidiary or CheckFreeCorporation. IBM is a registered trademark of IBM Corporation. Hayes is a registered trademark of Hayes Microcomputer Products.

MS DOS is a registered trademark of Microsoft Corporation. Macintosh and Apple II are registered trademarks of AppleComputer, Inc.